{"id":"F2015L02020","name":"ASIC Corporations (Repeal) Instrument 2015/1157","slug":"asic-corporations-repeal-instrument-2015-1157","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":438498,"registerId":"F2015L02020-fast-fetch-1775954900092","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Repeal) Instrument 2015/1157","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Corporations (Repeal) Instrument 2015/1157\n\nI, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDated 9 December 2015\n\n \n\n \n\nStephen Yen\n\n \n\nContents\n\nPart 1—Preliminary \n\n1 Name of legislative instrument.....................................\n\n2 Commencement................................................\n\n3 Authority.....................................................\n\n4 Schedules.....................................................\n\nSchedule 1—Repeals \n\nASIC Class Order [CO 02/314]......................................\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is the ASIC Corporations (Repeal) Instrument 2015/1157.\n\n2 Commencement\n\nThis instrument commences on later of:\n\n(a) the day after it is registered on the Federal Register of Legislative Instruments; and\n\n(b) the day after it is gazetted.\n\nNote: The register may be accessed at [www.comlaw.gov.au](http://www.comlaw.gov.au).\n\n3 Authority\n\nThis instrument is made under paragraphs 601QA(1)(a), 911A(2)(l), 992B(1)(a) and 1020F(1)(a)  of the Corporations Act 2001.\n\n4 Schedules\n\nEach instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in that Schedule.\n\n\nSchedule 1—Repeals\n\nASIC Class Order [CO 02/314]\n\n1 The whole of the instrument\n\nRepeal the instrument.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1909},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument precisely fulfills its stated purpose of repealing Class Order [CO 02/314]. There is no expansion of scope beyond this specific repeal action."},"complexity_factors":["Single operative provision (Schedule 1, item 1) repealing one named instrument","No definitions or interpretation section","No conditional logic, exceptions, or cross-references within the operative text","Straightforward administrative repeal with no substantive regulatory content of its own"],"plain_english_summary":"This instrument is a **regulatory cleanup measure** that removes an outdated rule from the books.\n\nSpecifically, it **repeals (cancels) ASIC Class Order [CO 02/314]** entirely. That older instrument provided exemptions or relief from certain requirements under the Corporations Act 2001—likely relating to financial services licensing or securities dealing—based on the legal powers cited.\n\n**Who does this affect?**\nFinancial services businesses that previously relied on Class Order [CO 02/314] to avoid certain compliance obligations. These entities should check whether they now need to comply with the standard rules or find alternative relief under current instruments.\n\n**Why does this matter?**\nASIC regularly reviews old \"class orders\" to remove redundant or superseded rules. This repeal helps streamline the regulatory framework, ensuring businesses only need to consider current, active exemptions rather than decades-old relief that may no longer be appropriate."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-repeal-instrument-2015-1157","history":"/api/acts/asic-corporations-repeal-instrument-2015-1157/history","analysis":"/api/acts/asic-corporations-repeal-instrument-2015-1157/analysis","conflicts":"/api/acts/asic-corporations-repeal-instrument-2015-1157/conflicts","importantCases":"/api/acts/asic-corporations-repeal-instrument-2015-1157/important-cases","documents":"/api/acts/asic-corporations-repeal-instrument-2015-1157/documents"}}